The banned players were named as Jean Symes, Pumelela Matshikwe, Ethy Mbhalati and Thami Tsolekile.
"The banning of these four players follows a lengthy investigation," said the organisation in a statement.
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The official press also revealed that all four players have admitted contraventions of the code, and therefore now will face ban from cricketing activity.
Former South African Test wicket keeper Thami Tsolekile will face 12 year ban, the most by any of the four convicted players.
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Former Lions all-rounder Jean Symes has been banned for 7 years, whereas bowlers Pumelela Matshikwe and Ethy Mbhalati receives ban of 10 years each.
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